Linking your Public Provident Fund (PPF) account with your Savings Account and PAN Card at State Bank of India (SBI) ensures seamless transactions, tax compliance, and hassle-free management.
Why Link Your PPF Account with PAN and Savings Account?
- Tax Benefits: PAN linkage is mandatory to claim tax exemptions under Section 80C.
- Auto-Debit Facility: Linking to a savings account allows automatic transfers for PPF deposits.
- Compliance: Avoid account freezing or penalties due to non-compliance with KYC norms.
Steps to Link PPF with PAN Card & Savings Account in SBI
1. Visit Your Nearest SBI Branch
Carry the following documents:
- Original PAN Card + photocopy.
- PPF account passbook or account details.
- Savings account passbook or linked account number.
- ID proof (Aadhaar, passport, etc.) and a passport-sized photo (if required).
2. Request a PPF-PAN-Savings Account Linking Form
- Ask for the “PPF Account Modification Form” or a written application format. Some branches may provide a specific linking request form.
3. Fill the Application Form
Provide these details:
- PPF account number.
- Savings account number.
- PAN card number.
Double-check all entries to avoid errors.
4. Submit the Form
- Attach photocopies of your PAN card, PPF passbook, and savings account details.
- Sign the form and submit it to the bank executive.
5. Verification & Confirmation
- The bank will verify your details and process the request.
- You’ll receive an SMS or email confirmation once the linkage is complete (usually within 7-10 working days).
Important Tips
- Check Existing Links: If your PPF account was opened pre-PAN mandate, ensure it’s updated.
- Online Option: Some users report linking via SBI Net Banking under “Requests” > “PPF Account Linking” – confirm availability with your branch.
- Follow Up: If no confirmation arrives, visit the branch or contact SBI customer care (1800 425 3800).
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Need Help?
Visit your SBI branch for personalized assistance. The process is quick, free, and ensures your PPF remains compliant and functional.